MEARS LIMITED

1. MEARS LIMITED 2004-06-23 → present
2. MEARS SOCIAL HOUSING LIMITED 2004-01-07 → 2004-06-23
3. MEARS BUILDING CONTRACTORS LIMITED 1990-10-31 → 2004-01-07
4. STRONGDALE LIMITED 1990-07-06 → 1990-10-31

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Pricewaterhousecoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“On the basis of their assessment of the Company's financial position and cash flow forecasts for the period up to 30th June 2026, which includes a plausible but severe downside scenario, the Company's Directors have a reasonable expectation that the Company will be able to continue in operational existence for the foreseeable future.”

Group structure

1. MEARS LIMITED · parent
   1. IRT Surveys Limited 100% · Scotland · Housing technology provider
   2. Mears Home Improvement Limited 100% · England · Home improvement agency
   3. Mears New Homes Limited 100% · England · Building contractor
   4. MPS Housing Limited 100% · England · Maintenance services
   5. Plexus UK (First Project) Limited 100% · England · Housing management services
   6. Mears Property Company 2 Limited 100% · Scotland · Operating of owned or leased real estate
   7. Mears Property Company 3 Limited 100% · England · Operating of owned or leased real estate
   8. Repair MyHome C.I.C 100% · England · Combined facilities support activities
   9. MPM Housing Limited 100% · England · Maintenance services

Significant events

• “North Lanarkshire Council (NLC) awarded Mears the North Lanarkshire Housing and Corporate Maintenance and Investment Works contract, covering 37,000 social homes and 1,200 council buildings.”
• “On 16 June 2023, the High Court issued a ruling in respect of Virgin Media v NTL Pension Trustees II Limited (and others), which has the potential to affect the Scheme's liabilities. The Court of Appeal upheld this ruling on 25 July 2024. On 5 June 2025, the Government confirmed a plan to introduce legislation to give affected pension schemes the ability to retrospectively obtain written actuarial confirmation that historic benefit changes met the necessary standards.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +10.2%

  £899,261,000 → £991,038,000

• Cash

  +11,041.8%

  £534,000 → £59,497,000

• Net assets

  +2%

  £125,603,000 → £128,104,000

• Employees

  +12.2%

  2,890 → 3,244

• Operating profit

  +22.6%

  £50,290,000 → £61,680,000

• Profit before tax

  +27.9%

  £45,497,000 → £58,190,000

• Wages

  +17.9%

  £102,463,000 → £120,832,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers